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20121002
20121010
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CNBC
Oct 4, 2012 3:00pm EDT
, there are studies out there and even a former head of the economic committee in the obama administration, her and her husband came out with reports and studies years ago. when you lower taxes, it encourages businesses to put more money into the economy and hire and individuals to put more money into the economy and spend. [ overlapping speaking ] >> all else being equal, lower taxes are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last
CNBC
Oct 9, 2012 3:00pm EDT
? >> that's what i'm saying. and weirdly enough, "sesame street" actually asked the obama administration to pull the ad because they felt it was doing an injustice to "sesame street." i think separately from this, some context. obama raised $181 million in september. the $3 million swing from 2008 that wall street gave to obama and the $3 million it's now giving to romney, it's significant as a swing, but i don't think we should overstate the impact this will have electorally. on a deeper level, wall street is a contracting industry. that is simply a product of 2008. i think that would have happened regardless of whether or not mccain or obama had won. there is a degree of looking for a source of blame rather than, you know, this is a troubled time for wall street. again, i think that has a lot to do with the dynamics of the high levels of profitability wall street achieved 2004 through 2008. >> i see it as, here's an ad, and it makes the public look stupid. larry, you think they've gone too far in this. why? >> i wrote a book and outed a lot of the bad guys. i'm here to tell you that the d
CNBC
Oct 10, 2012 4:00pm EDT
four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to loan it out. instead, the banks kept the money, bought back their own bonds and stock. they made their own balance sheets very good. they didn't spread the money around to businesses that were starving for financing. as a result, we had to cut our company in half. we had to lay off 7,000 employees and be very lean and mean to survive. well, it was a very unpleasant experience, and i don't feel like going through it again, but this was before obamacare, before increasing my taxes. i can see the future. >> it sounds like you're dealing with the results of a country that was overleveraged. there's
FOX Business
Oct 8, 2012 3:00pm EDT
under the obama administration. one good debate performance out of mitt romney and now you have wall street talking about his treasury secretary. still very tight race. they are talking about kevin warsh. he is taking the initiative to trying to push his name to the top of that short list. liz: that is what your sources are telling you? charlie: one name that made the list that is not on the list is john thain. specifically, because they do not want to redo the white house bathroom. liz: on the shareholders time. speaking it is pretty controversial. liz: pretty? middle america would go crazy speaking i am trying to be somewhat nice after i just torched the guy. he is controversial. his name on the list, unless everything else falls apart or cit caught when he is managing right now, turned tremendous profits, that is not a serious candidate. warsh is a serious candidate. he is making a big push to be at the top of the list. liz: any word on who would be the labor secretary? charlie: it is piped and all that. liz: is that a term? fifteen piped in from the white house. liz: oh. do
CNBC
Oct 3, 2012 4:00pm EDT
that have been put throughout by the obama administration that are having a chilling effect on energy production in the united states. those three things alone would send signals to the marketplace. we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit redu
Search Results 0 to 4 of about 5